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Updated over 6 years ago on . Most recent reply

User Stats

47
Posts
7
Votes
Anthony Butcher
  • Orlando, FL
7
Votes |
47
Posts

looking for help on a Wholesale Deal

Anthony Butcher
  • Orlando, FL
Posted

Hi,

Looking for some advise on doing my first wholesale deal.

I've come across a house where the owner is deceased. 

The house is going to be selling for 300k 

Houses in that area selling for 325k -350k

House is out dated and there is signs of termite damage. 

I'm guessing repair value could be anywhere from 50k - 100k 

what would be the best way to structure this on a wholesale deal. 

Most Popular Reply

User Stats

67
Posts
64
Votes
Will Long
  • Flipper/Rehabber
  • Roanoke, VA
64
Votes |
67
Posts
Will Long
  • Flipper/Rehabber
  • Roanoke, VA
Replied

With those numbers it doesn’t look like a good deal for your investors.  So they’ll be all in for roughly $350K and no room to make money on it.  And you certainly have to factor in your fee.  I would take another hard look at it first..

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